November 19, 2013 / 1:52 AM / 4 years ago

BRIEF-Novik announces LOI regarding proposed acquisition by Clearview Capital

Nov 18 (Reuters) - Novik Inc : * Announces letter of intent regarding proposed acquisition by clearview

capital * Says aggregate purchase price of about $45 million * Clearview Capital to acquire all issued and outstanding common shares of co

for a cash consideration of $0.85 per share * Letter provides for a break fee of $1.8 million to be payable by Novik to clearview if the letter is terminated * Source text for Eikon * Further company coverage

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